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SAVE International Value Methodology Associate Sample Questions:

1. How many phases are in the VM Job Plan?

A) 3
B) 6
C) 7
D) 8

2. Which of the following defines the nominal rate of increase in the value of money over time, after subtracting for inflation?

A) Simple Payback (or Breakeven Point)
B) Return on Investment (ROI)
C) Present Worth (or Net Present Value)
D) Discount Rate

3. Which is the correct order of steps in establishing evaluation criteria?

A) Identify context, define criteria, determine importance, determine range/scale
B) Identify context, define criteria, determine range/scale, determine importance
C) Define criteria, identify context, determine importance, determine range/scale
D) Define criteria, identify context, determine range/scale, determine importance

4. In SWOT analysis:

A) Opportunities and threats are external attributes.
B) Threats and strengths are harmful attributes.
C) Strengths and weaknesses are helpful attributes.
D) Strengths and opportunities are internal attributes.

5. The unique aspect of the value methodology is its application to anything that:

A) is goal-oriented.
B) includes an activity.
C) is a subject of study.
D) performs a function.

Solutions: